Vermont Association of Business Industry & Rehabilitation Inc

Analysis

Vermont Association of Business Industry & Rehabilitation Inc is a registered charity in United States, based in Williston, VT. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vermont Association of Business Industry & Rehabilitation Inc reported income of $7.1m and spending of $6.8m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.1m to $7.1m (+72%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vermont Association of Business Industry & Rehabilitation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Richland Newhope Industries Inc ($7.1m), Workshops Inc ($7.1m) and Mountain States Line Constructors Apprenticeship & TRNG Joint Comm ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $91k (1.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $2.3m against liabilities of $444k, net assets of $1.9m. It reported 526 employees.